"Sanford Weiss, Joe Caulfield, Dennis Devino and their associates provide us with great expertise in urban projects," says Robert I. Toll, chairman and CEO, whose company is considered to be one of the largest developers of luxury homes.

"We see great demand from affluent buyers for residences in exciting urban locations," Toll continues. "Cities are where pro-growth sentiment, supportive government policies and positive local efforts lead to the type of development in which MBC specializes."

New Jersey, of course, is among those states actively encouraging urban development and redevelopment, and MBC has made its mark over the last two decades with a number of luxury multifamily projects along the Hudson River in Hoboken, where it is based, and neighboring Jersey City. Among its current projects are the Sky Club, a 326-unit, 17-story, two-tower currently under construction in Hoboken.

MBC is also in the planning stages for the Cliffs, a 124-unit, five-story historic rehabilitation condo project in Jersey City; and for the Grove, a 230-unit, 12-story condo project, also in Jersey City.